2017 GDP forecast for Poland receives boost

Barclays Bank, based in the UK, has released a new report which boosts Poland’s predicted GDP growth from 3% to 3.2%. In terms of 2018, this has remained the same at 3.4%. Furthermore, there has also been a change to expected inflation which has gone up 0.2 percentage points to 2.2%. In the first quarter alone, Barclays has suggested that, compared to last year, inflation could be as much as 1.8% higher. In the second quarter, still comparative to same time last year, this could rise to 2.6%. At the start of the year, these figures were 0.1 and 0.5 percentage points lower respectively.

Although it is a little further away, there is also a prediction for the third quarter in 2017 which is 2.5% growth compared to the same period last year. Of course, one of the biggest questions in recent times has been whether Poland will adopt the Euro as the single currency of the Eurozone. However, Prime Minister Beata believes that Poland are in a much stronger position staying with Zloty which means there are no plans as of yet.